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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Enigma who wrote (2412)	2/1/2000 10:03:00 PM
From: Hawkmoon	of 3536

Enigma.. Read the editorial in today's WSJ.. They discuss why they think AG will hold to a .25 basis point move. It primarily has to do with not wanting to create a panic in the Euro. Already we're seeing capital flight from Europe to the US and a 50 basis point move would make the US rates double those of Europe as well as leading to higher energy costs that could create inflation (oil is denominated in $US). Certainly an interesting take that helped calm many of my fears about a .50 hike in the rates. AG would be NUTZ if he acted so rashly. Regards, Ron

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